I read a lot, and
I pick up a lot of great quotes along the way from investors, traders,
researchers, and other interesting people.
Below is part one of my favorite quotes:
In risk assets
you make 80% of your money, 20% of the time. Jeffrey Gundlach
When you find
yourself in a leaky vessel, switching boats can be more rewarding than bailing.
- Bill Ackman paraphrasing Warren Buffett
There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have insight to appreciate the incredible wonders of the present. - John Kenneth Galbraith
What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half. - David Einhorn
It was never my thinking that made the big money. It was always my sitting. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. - Jesse Livermore (from the book Reminiscences of a Stock Market Operator)
You learn in this business: It you want a friend, get a dog. - Carl Icahn
Common sense is not that common. – Debatable Original Source
There is a significant difference between probability and outcome. Things that are unlikely to happen occur all the time and things are likely to occur don't happen. -Howard Marks
What you measure is what you'll achieve. Jeff Smisek
Invest first. Investigate later. – George Soros
Based
on my own personal experience… rarely do more than three or four variables
really count. Everything else is noise. – Marty Whitman
Better 3 hours
too soon than 1 minute too late. - Shakespeare
(about selling)
The
four most dangerous words in investing are 'This time it's different.' – John
Templeton
I am as proud of
what we don't do as of what we do. - Steve jobs
